Surgery Center Sells For $354 PSF

The medical office housing the Weston Outpatient Surgery Center was sold for $11.53 million.

Weston Pavilion Partners, managed by Saul R. Epstein in Coconut Creek, sold the 32,559-square-foot building at 2229 N. Commerce Parkway in Weston to Weston Surgery SPE, an affiliate of Nashville-based Montecito Medical Real Estate. Capital One provided an $8.5 million mortgage to the buyer.

The price equated to $354 per square foot.

The medical office building was built on the 3.1-acre site in 1999. It last traded for $6.7 million in 2004.

Since 2005, Montecito Medical Real Estate has acquired a national portfolio of nearly 80 medical office properties valued at more than $1.5 billion, according to its website.